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98 ORDINANCE NO. 1979-19 I AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, AUTHORIZING THE ISSUANCE OF $80,000 CITY OF SAN ~~RCOS TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 1979, FOR THE PURPOSE OF PAYING CONTRACTUAL OBLIGATIONS TO BE INCURRED FOR CONSTRUCT- ING AND ACQUIRING H1PROVEMENTS TO THE CITY' S AIRPORT, AND FOR PAYING CONTRACTUAL OBLIGATIONS FOR PROFES- SIONAL SERVICES, INCLUDING ATTORNEYS AND FINANCIAL ADVISORS; PROVIDING FOR THE TERMS AND CONDITIONS OF SUCH CERTIFICATES OF OBLIGATION AND THE PAYMENT THEREOF; CONTAINING OTHER MATTERS RELATING TO SAID SUBJECT; AND DECLARING AN EMERGENCY. THE STATE OF TEXAS COUNTY OF HAYS CITY OF SAN ~~RCOS I I I WHEREAS, on the 9th day of April , 1979, the City Council of said City passed a resolution authorizing and directing the publication of notice of its intention to ~ssue Certificates of Obligation of said City; WHEREAS, said notice was published as required by Section I 8(b) of Article 2368a.l, V.T.C.S., as amended, on April 12, 1979, and April 19, 1979; WHEREAS, no petition signed by 5% of the qualified electors of said City protesting the issuance of such Certificates of Obli- gat ion has been filed; and WHEREAS, this City Council is now authorized and empowered to proceed with the issuance of such Certificates of Obligation and to sell same for cash; Now, Therefore BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS: Section 1. That the Certificates of Obligation of said City to be designated "CITY OF SAN MARCOS TAX AND REVENUE CERTIFI- CATES OF OBLIGATION, SERIES 1979", are hereby authorized to be II issued and delivered'in the principal amount of $80,000 for the purpose of paying contractual obligations to be incurred for con- structing and acquiring improvements to the City's airport, and for paying contractual obligations for professional services, including attorneys and financial advisors.